Is Bitcoins safe? - page 2. | Bitcointalksearch.org

1Referee

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Quote from: mace15 on October 14, 2016, 07:32:39 PM

In my point of view, Bitcoin is safe as long you put your
btc in a private wallet. It is secure but its good to not put
all your money in one online wallet. Thus, all are risks,
abd dont put your eggs in one basket.

Only dumb people put their coins in an online wallet as a long term storage solution. I really don't know what their motive for this may be, but one thing is sure, it's a bad choice. If you don't own the private keys of your wallets, then you don't own anything. Wink

BitFinnese

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Quote from: Mastsetad on October 16, 2016, 01:46:05 AM

Quote from: mace15 on October 14, 2016, 07:32:39 PM

In my point of view, Bitcoin is safe as long you put your
btc in a private wallet. It is secure but its good to not put
all your money in one online wallet. Thus, all are risks,
abd dont put your eggs in one basket.

The thing that makes bitcoin a little unsafe for someone new to it is the market price of it, but not the security of its wallet, because the price of bitcoin if rises then it drops as well so if someone invests in it in order to earn profits out of it and it drops the price somehow and stays stable there the investor would probably start panicing, though it recovers again in long run.

I agree that the market around bitcoin especially the investment area is a bit unsafe for the beginner. There are many scam company that take advantage of the innocence of their audience and trigger their greed to jump into their scheme. Then when this scam company have enough, they run with the funds and leave their investor hanging.

Bitcoinsummoner

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Quote from: skyway1 on October 16, 2016, 01:30:39 PM

Quote from: Indrawan77 on October 16, 2016, 12:39:33 AM

Quote from: john2231 on October 15, 2016, 06:46:13 PM

Quote from: KingdomHearts on October 15, 2016, 04:59:00 PM

Quote from: Hoor on October 14, 2016, 09:04:24 AM

to me bitcoin is really safe and that is the reason that i am investing a lot of my assets in bitcoin, we can also see that more and more people are entering in the world of bitcoin and they are also investing their money here in bitcoin that is making bitcoin more stronger and reliable.

you are right that bitcoin is safest currency or investment and i also want invest my all money in bitcoin because a lot of people adopting bitcoin day by day and bitcoin is really going to stronger currency than other currency so i hope it will be much more profitable for us in the near future.

Bitcoin is safe depends how we are secured our wallets.. there is many types of securing our wallet but i stay in 2factor authetication it is good if you are using online wallets or even desktop wallet like in electrum.. its more safe for me to have 2factor authentication.. sms or google verification..

I think bitcoin provide a great security even wothout the 2 factor aunthentication, they have a great system to prevent hacker from stealing your account, the only danger from the hackers are, you need to be careful with suspicious links and phising sites

i agree with you that bitcoin provide a strong security and there is a lot of people want to invest their all money in bitcoin because bitcoin have very stronger security and anyone can not hack bitcoin easily .

Depends how you are secured your account if your account security is weak anytime hackers can attack your account.. via virus or ddos attack.. or any hacking methods..

skyway1

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Quote from: Indrawan77 on October 16, 2016, 12:39:33 AM

Quote from: john2231 on October 15, 2016, 06:46:13 PM

Quote from: KingdomHearts on October 15, 2016, 04:59:00 PM

Quote from: Hoor on October 14, 2016, 09:04:24 AM

to me bitcoin is really safe and that is the reason that i am investing a lot of my assets in bitcoin, we can also see that more and more people are entering in the world of bitcoin and they are also investing their money here in bitcoin that is making bitcoin more stronger and reliable.

you are right that bitcoin is safest currency or investment and i also want invest my all money in bitcoin because a lot of people adopting bitcoin day by day and bitcoin is really going to stronger currency than other currency so i hope it will be much more profitable for us in the near future.

Bitcoin is safe depends how we are secured our wallets.. there is many types of securing our wallet but i stay in 2factor authetication it is good if you are using online wallets or even desktop wallet like in electrum.. its more safe for me to have 2factor authentication.. sms or google verification..

I think bitcoin provide a great security even wothout the 2 factor aunthentication, they have a great system to prevent hacker from stealing your account, the only danger from the hackers are, you need to be careful with suspicious links and phising sites

i agree with you that bitcoin provide a strong security and there is a lot of people want to invest their all money in bitcoin because bitcoin have very stronger security and anyone can not hack bitcoin easily .

Vinalians

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Quote from: Mastsetad on October 16, 2016, 01:46:05 AM

Quote from: mace15 on October 14, 2016, 07:32:39 PM

In my point of view, Bitcoin is safe as long you put your
btc in a private wallet. It is secure but its good to not put
all your money in one online wallet. Thus, all are risks,
abd dont put your eggs in one basket.

The thing that makes bitcoin a little unsafe for someone new to it is the market price of it, but not the security of its wallet, because the price of bitcoin if rises then it drops as well so if someone invests in it in order to earn profits out of it and it drops the price somehow and stays stable there the investor would probably start panicing, though it recovers again in long run.

That is right. The price of the bitcoin changes quite a lot. That makes it less suitable to be a good currency.

Mastsetad

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Quote from: mace15 on October 14, 2016, 07:32:39 PM

In my point of view, Bitcoin is safe as long you put your
btc in a private wallet. It is secure but its good to not put
all your money in one online wallet. Thus, all are risks,
abd dont put your eggs in one basket.

The thing that makes bitcoin a little unsafe for someone new to it is the market price of it, but not the security of its wallet, because the price of bitcoin if rises then it drops as well so if someone invests in it in order to earn profits out of it and it drops the price somehow and stays stable there the investor would probably start panicing, though it recovers again in long run.

blackmachinegun

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Quote from: mace15 on October 14, 2016, 07:32:39 PM

In my point of view, Bitcoin is safe as long you put your
btc in a private wallet. It is secure but its good to not put
all your money in one online wallet. Thus, all are risks,
abd dont put your eggs in one basket.

of course bitcoin will be safe when you save your bitcoin wallet safe and dividing it into several wallets, but concern and consideration of many people to invest in bitcoin bitcoin is price or rate volatility

Indrawan77

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Quote from: john2231 on October 15, 2016, 06:46:13 PM

Quote from: KingdomHearts on October 15, 2016, 04:59:00 PM

Quote from: Hoor on October 14, 2016, 09:04:24 AM

to me bitcoin is really safe and that is the reason that i am investing a lot of my assets in bitcoin, we can also see that more and more people are entering in the world of bitcoin and they are also investing their money here in bitcoin that is making bitcoin more stronger and reliable.

you are right that bitcoin is safest currency or investment and i also want invest my all money in bitcoin because a lot of people adopting bitcoin day by day and bitcoin is really going to stronger currency than other currency so i hope it will be much more profitable for us in the near future.

Bitcoin is safe depends how we are secured our wallets.. there is many types of securing our wallet but i stay in 2factor authetication it is good if you are using online wallets or even desktop wallet like in electrum.. its more safe for me to have 2factor authentication.. sms or google verification..

I think bitcoin provide a great security even wothout the 2 factor aunthentication, they have a great system to prevent hacker from stealing your account, the only danger from the hackers are, you need to be careful with suspicious links and phising sites

john2231

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Quote from: KingdomHearts on October 15, 2016, 04:59:00 PM

Quote from: Hoor on October 14, 2016, 09:04:24 AM

to me bitcoin is really safe and that is the reason that i am investing a lot of my assets in bitcoin, we can also see that more and more people are entering in the world of bitcoin and they are also investing their money here in bitcoin that is making bitcoin more stronger and reliable.

you are right that bitcoin is safest currency or investment and i also want invest my all money in bitcoin because a lot of people adopting bitcoin day by day and bitcoin is really going to stronger currency than other currency so i hope it will be much more profitable for us in the near future.

Bitcoin is safe depends how we are secured our wallets.. there is many types of securing our wallet but i stay in 2factor authetication it is good if you are using online wallets or even desktop wallet like in electrum.. its more safe for me to have 2factor authentication.. sms or google verification..

rizkyhiw

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Quote from: X-ray on October 15, 2016, 09:20:26 AM

Quote from: betohell on October 14, 2016, 05:05:48 AM

Quote from: Xenophoto on October 14, 2016, 04:41:51 AM

It would actually depend on how you set up your account. If your password is the same as your password on other website and one of those other websites gets their passwords leaked, then your account will probably be in danger. Otherwise, everything should be fine. This is basically the same as fiat. If you just leave your fiat in the streets, then it would surely be stolen. But if you make sure that it's safe and secure, then you should face no problem at all.

yeah i think bitcoin security will depend on how you secure your account and your wallet itself, is it you're using a lot of security for your wallet or not. Thats the important thing

definitely right, since there's no insurance for bitcoin yet and the freedom which given to you also giving you the option to set up the security by your own and will,this is the weakness point if the bitcoin holder was a newbie in using bitcoin and don't know what to do

as the principle of bitcoin are like be your own bank yeah it has negative side
but everything has negative side right? even fiat and any other currency
instead a lot of bad or negative side bitcoin still have more benefit and it is our pride to have it
and for a newbie or non tech savvy they may still can learn even required a lot of time.

betohell

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Quote from: mace15 on October 14, 2016, 07:32:39 PM

In my point of view, Bitcoin is safe as long you put your
btc in a private wallet. It is secure but its good to not put
all your money in one online wallet. Thus, all are risks,
abd dont put your eggs in one basket.

I think to deposit bitcoin itself is arguably safer because you can use the wallet to securely store, which makes bitcoin unsafe, fluctuations imo

KingdomHearts

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Quote from: Hoor on October 14, 2016, 09:04:24 AM

to me bitcoin is really safe and that is the reason that i am investing a lot of my assets in bitcoin, we can also see that more and more people are entering in the world of bitcoin and they are also investing their money here in bitcoin that is making bitcoin more stronger and reliable.

you are right that bitcoin is safest currency or investment and i also want invest my all money in bitcoin because a lot of people adopting bitcoin day by day and bitcoin is really going to stronger currency than other currency so i hope it will be much more profitable for us in the near future.

X-ray

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Quote from: betohell on October 14, 2016, 05:05:48 AM

Quote from: Xenophoto on October 14, 2016, 04:41:51 AM

It would actually depend on how you set up your account. If your password is the same as your password on other website and one of those other websites gets their passwords leaked, then your account will probably be in danger. Otherwise, everything should be fine. This is basically the same as fiat. If you just leave your fiat in the streets, then it would surely be stolen. But if you make sure that it's safe and secure, then you should face no problem at all.

yeah i think bitcoin security will depend on how you secure your account and your wallet itself, is it you're using a lot of security for your wallet or not. Thats the important thing

definitely right, since there's no insurance for bitcoin yet and the freedom which given to you also giving you the option to set up the security by your own and will,this is the weakness point if the bitcoin holder was a newbie in using bitcoin and don't know what to do

Chennai

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Quote from: goldcoinminer on October 14, 2016, 08:48:30 PM

Quote from: mace15 on October 14, 2016, 07:32:39 PM

In my point of view, Bitcoin is safe as long you put your
btc in a private wallet. It is secure but its good to not put
all your money in one online wallet. Thus, all are risks,
abd dont put your eggs in one basket.

Well, in terms of security bitcoin is really safe as we have the choice to save our coins online or offline but for market as a whole there is no assurance so that makes it unsafe, for me I would not mind even if that is the reality as long as I only invest what I can afford to lose because the future is worth risk taking for.

Yes it is safe and well secured. But though the system is well secured, it all depends on the users who should set up their wallets secured following the instruction given to amend their settings. The more security is created, the more hackers are created on the other hand as well. Hence, secure your system first before keeping your bitcoins into it. This would avoid unnecessary entry of hackers.

goldcoinminer

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Quote from: mace15 on October 14, 2016, 07:32:39 PM

In my point of view, Bitcoin is safe as long you put your
btc in a private wallet. It is secure but its good to not put
all your money in one online wallet. Thus, all are risks,
abd dont put your eggs in one basket.

Well, in terms of security bitcoin is really safe as we have the choice to save our coins online or offline but for market as a whole there is no assurance so that makes it unsafe, for me I would not mind even if that is the reality as long as I only invest what I can afford to lose because the future is worth risk taking for.

mace15

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In my point of view, Bitcoin is safe as long you put your
btc in a private wallet. It is secure but its good to not put
all your money in one online wallet. Thus, all are risks,
abd dont put your eggs in one basket.

BearNecessities

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Definitely bitcoin is better than depositing your money in the bank, in which in my country they give you about 1% profit annually so if you put 100.000 Euro , you get 1.000 Euro per one year, pretty pathetic don't you think considering I am in a European country. Different with bitcoin , many people think bitcoin is still new and has big potential to raise even more after a few years, so yes bitcoin is pretty safe as an investment and store value of your money. After a few years I am even sure you will see your money growing cause the price of it should be up by then.

Shady

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Life is a game, you either play it or get played.

Bitcoin prices are becoming more stable after the standardization of startups becoming successful.

Now where you keep the Bitcoin is the main figure, knowing where the security is with wallet providers will lead to protected asset confidence + potential new features such as debit cards or upcoming enhancements.

In no way has Bitcoin ever been dangerous, it's only upon select service providers that get hacked due to low security or leaks in data.

mogrith

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Quote from: Financial_Genius on November 28, 2015, 12:45:53 PM

Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account? What permissions they need , to freeze all my money ?

well as far as 'freezing' your funds no government can take stop you from moving your BTC. there is no central 'bank' that can make address 1MogRiTHpQZ7bkpq49cSVWADrTt7Jrghp suddenly not work. Now if they find the computer that has that address and my wallet password they can move BTC out. But you can make a paper wallet that has private key and hide that. unless they find that the BTC is safe.

But as several others have said here the value of that BTC can change a lot. you may buy 925BTC today and 5 years from now you will still have 925 BTC but whether you can sell it 600, 6 000, or 6 000 000 no one knows. you can say the same about a kilo of gold but can be more sure it will be closer to the same amount that you started with.

Ross Ulbricht when arrested gave up some keys but he could still have a hidden paper wallet somewhere.

BitcoinPanther

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Quote from: NewInCryptoCurrency on October 14, 2016, 04:33:58 PM

The bitcoin is safe but it stays a investment so keep that in mind when you are investing into it, with other things like safety its safe without any doubt so long you do not store your large amounts into online wallets.

Yes, I agree that you shouldn't let your BTC be kept by other people. Let yourself keep them. So whenever you have a finish transaction with an exchange or website, better to withdraw all your coins to your own wallet for safety measure. With this, you don't have to worry about sudden closing of exchanges because of bankruptcy.

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